Frontier Real Estate Investment Corporation (JP:8964) has released an update.
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Frontier Real Estate Investment Corporation has announced the execution of a new long-term borrowing of ¥1,000 million at a fixed interest rate of 1.165% from The Yamaguchi Bank, Ltd., due 2034, to refinance an existing loan of the same amount maturing on August 19, 2024. The refinancing will not alter the total balance of the company’s borrowings, which remains at ¥127,700 million. The company has indicated that there is no significant change in loan repayment risks as per their latest securities report.
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